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NEW YORK: Billionaire Elon Musk said on Sunday the Federal Reserve needs to cut interest rates and that it was foolish for the US central bank not to have done so already.
Musk’s comment, which was made in response to a post on the social media site X, followed a run of weak data last week that has sparked worries the Fed may have left interest rates elevated for too long, resulting in damage to the economy.
| Currency | Rate |
|---|---|
|
USD PKR Interbank Selling
/ Jul 21
|
278.12
|
|
USD PKR Interbank Buying
/ Jul 21
|
277.92
|
|
USD to Japanese Yen
/ Jul 22
|
163.08
|
|
USD to Swiss Franc
/ Jul 22
|
0.81
|
|
Pound Sterling to USD
/ Jul 22
|
1.34
|
|
Euro to USD
/ Jul 22
|
1.14
|
|
SOFR %
/ Jul 21
|
3.59
|
| Stock | Volume |
|---|---|
|
S&P 500
/ Jul 21
|
7,509.20
|
|
Nasdaq
/ Jul 21
|
25,837.21
|
|
Dow Jones
/ Jul 21
|
52,224.64
|
|
India Sensex
/ Jul 22
|
76,694.63
|
|
Tokyo Nikkei
/ Jul 22
|
67,511.12
|
|
Hang Seng
/ Jul 22
|
24,903.04
|
|
FTSE 100
/ Jul 22
|
10,721.96
|
|
Germany DAX 30
/ Jul 22
|
25,205.51
|
|
France CAC40
/ Jul 22
|
8,447.61
|
| Item | Value |
|---|---|
|
Karachi Cotton PKR/37.32 KG
/ Jul 21
|
18,880
|
|
Gold 10 Grams PKR
/ Jul 21
|
368,000
|
|
Petrol/Litre
/ Jul 22
|
320.73
|
|
Crude Oil USD/Barrel
/ Jul 22
|
86.22
|
|
Gold Spot USD/Ounce
/ Jul 22
|
4,114.27
|
|
Diesel/Litre
/ Jul 22
|
367.21
|
|
Cotton US¢/pound
/ Jul 22
|
80.13
|
| Stock | Price |
|---|---|
|
Sally Textile
/ Jul 22
Sally Textile Mills Limited(SLYT)
|
16.13
▲ 1.47
(10.03%)
|
|
Dadabhoy Cement
/ Jul 22
Dadabhoy Cement Industries Limited(DBCI)
|
22.64
▲ 2.06
(10.01%)
|
|
F.Credit & Inv
/ Jul 22
First Credit and Investment Bank Limited(FCIBL)
|
35.93
▲ 3.27
(10.01%)
|
|
Gammon Pak
/ Jul 22
Gammon Pakistan Limited(GAMON)
|
24.18
▲ 2.2
(10.01%)
|
|
Olympia Mills
/ Jul 22
Olympia Mills Limited(OML)
|
143.19
▲ 13.02
(10%)
|
|
Ahmad Hassan
/ Jul 22
Ahmad Hassan Textile Mills Limited(AHTM)
|
121.25
▲ 11.02
(10%)
|
|
Baba Farid Sugar
/ Jul 22
Baba Farid Sugar Mills Limited(BAFS)
|
461.24
▲ 41.93
(10%)
|
|
Fateh Sports
/ Jul 22
Fateh Sports Wear Limited(FSWL)
|
142.71
▲ 12.97
(10%)
|
|
The Thal Ind.Corp.
/ Jul 22
The Thal Industries Corporation Limited(TICL)
|
1,048.37
▲ 95.31
(10%)
|
|
Asia Ins.
/ Jul 22
Asia Insurance Company Limited(ASIC)
|
45.86
▲ 4.17
(10%)
|
| Stock | Price |
|---|---|
|
Khairpur Sug.
/ Jul 22
Khairpur Sugar Mills Limited(KPUS)
|
1,364.30
▼ -151.59
(-10%)
|
|
National Silk
/ Jul 22
The National Silk & Rayon Mills Limited(NSRM)
|
296.43
▼ -32.94
(-10%)
|
|
S.G.Power
/ Jul 22
S.G. Power Limited(SGPL)
|
71.55
▼ -7.95
(-10%)
|
|
Suhail Jute
/ Jul 22
Suhail Jute Mills Limited(SUHJ)
|
243.87
▼ -27.1
(-10%)
|
|
Nets Internat.Comm.
/ Jul 22
Nets International Communication Limited(GEMNETS)
|
26.10
▼ -2.9
(-10%)
|
|
Dewan Textile
/ Jul 22
Dewan Textile Mills Limited(DWTM)
|
8.51
▼ -0.9
(-9.56%)
|
|
Shams Textile
/ Jul 22
Shams Textile Mills Limited(STML)
|
54.01
▼ -5.67
(-9.5%)
|
|
Crescent Cotton
/ Jul 22
Crescent Cotton Mills Limited(CCM)
|
58.75
▼ -6.11
(-9.42%)
|
|
First IBL Mod.
/ Jul 22
First IBL Modaraba(FIBLM)
|
13.92
▼ -1.35
(-8.84%)
|
|
Reliance Weaving
/ Jul 22
Reliance Weaving Mills Limited(REWM)
|
177
▼ -17.02
(-8.77%)
|
| Stock | Volume |
|---|---|
|
Trust Sec.& Brok.
/ Jul 22
Trust Securities & Brokerage Limited(TSBL)
|
123,591,309
▼ -0.08
|
|
Cnergyico PK
/ Jul 22
Cnergyico PK Limited(CNERGY)
|
91,851,644
▼ -0.08
|
|
TPL Properties
/ Jul 22
TPL Properties Limited(TPLP)
|
45,092,383
▲ 0.23
|
|
Pak Refinery
/ Jul 22
Pakistan Refinery Limited(PRL)
|
30,204,052
▲ 1.2
|
|
B.O.Punjab
/ Jul 22
The Bank of Punjab(BOP)
|
18,005,317
▼ -0.17
|
|
WorldCall Telecom
/ Jul 22
Worldcall Telecom Limited(WTL)
|
16,977,059
▼ -0.03
|
|
Dewan Cement
/ Jul 22
Dewan Cement Limited(DCL)
|
15,731,937
▲ 0.63
|
|
K-Electric Ltd.
/ Jul 22
K-Electric Limited(KEL)
|
13,467,365
▼ -0.16
|
|
F. Nat.Equities
/ Jul 22
First National Equities Limited(FNEL)
|
13,154,953
▼ -0.01
|
|
Yousuf Weaving
/ Jul 22
Yousaf Weaving Mills Limited(YOUW)
|
12,654,086
▲ 0.34
|
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